FINANCIAL_SERVICESAPPROVED

Corpus Christi Department of Aviation Awards Financial Services Contract to Shoreline Hospitality Lp (March 2020)

The City of Corpus Christi's Reinvestment Zone No. 3 Board approved a reimbursement agreement with Shoreline Hospitality, L.P. for improvements at 309 South Shoreline Boulevard. The agreement provides reimbursement of 75% of annual property taxes on the improvements for up to 10 years, capped at $940,000, under the Downtown Development Reimbursement Program.

Document date · March 24, 2020

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $940,000; 75% of annual property taxes on improvements for up to 10 years
Contract type
FINANCIAL_SERVICES
Contract term
Up to 10 years
Renewal
Reimbursement continues annually for up to 10 years, subject to the cap of $940,000 on total reimbursements. No explicit renewal options beyond this term are described.
Document type
Minutes
Source document
city_of_corpus_christi_reinvestment_zone_no_3_meet.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Corpus Christi Department of Aviation?

Shoreline Hospitality Lp was awarded this financial services contract by Corpus Christi Department of Aviation, as recorded on March 24, 2020. The contract value is Not to exceed $940,000; 75% of annual property taxes on improvements for up to 10 years.

How much is the Shoreline Hospitality Lp contract with Corpus Christi Department of Aviation worth?

The Shoreline Hospitality Lp contract with Corpus Christi Department of Aviation is valued at Not to exceed $940,000; 75% of annual property taxes on improvements for up to 10 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in city_of_corpus_christi_reinvestment_zone_no_3_meet.pdf (Minutes), dated March 24, 2020 from Corpus Christi Department of Aviation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Shoreline Hospitality Lp hold?

Shoreline Hospitality Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Shoreline Hospitality Lp's profile

What is Corpus Christi Department of Aviation currently buying?

Explore Corpus Christi Department of Aviation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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